Home Capital Results

Medtecs reports record FY20 earnings of US$131.7 mil on global surge on PPE demand

Felicia Tan
Felicia Tan3/1/2021 11:59 AM GMT+08  • 3 min read
Medtecs reports record FY20 earnings of US$131.7 mil on global surge on PPE demand
A final cash dividend of 4.18 US cents per share has been declared.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Medtecs International Corp, a maker of medical apparel, has reported record earnings of US$131.7 million ($175.4 million) for the FY2020 ended December, compared to earnings of US$1.2 million for the FY2019.

The record earnings comes as the group reported record revenue of US$400.3 million for the FY2020 compared to revenue of US$69.0 million the year before, due to the global surge in demand for personal protective equipment (PPE) arising from the Covid-19 pandemic.

The higher earnings were also attributable to improved economies of scale and higher proportion of sales of Medtecs-branded product and PPEs.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.